i would like to see fannie and freddie reyes to 729 because then you man have private mortgage insurance. as i understand the situation, if someone gets an fha loan, the government is on the hook. if that alone was insured, than the private sector is on the hook for the first losses. >> that is correct. >> if we can give consumers in high-cost areas like los angeles a chance to use fannie and freddie, that opens additional doors to them. that would involve less of the risk being involved by the government. >> i'm not sure if you're here earlier. i talked about the fact that we have never had a situation where a loan limits for higher. >> i remember when they were lower. >> overall, we think we need to bring those loan limits down to more historical levels. >> while increasing them. the one way you could get a double dip recession is to see a decline in values of homes in the 10 high-cost areas of the country. >> at this time the chair recognizes himself. i want to say thank you to my colleagues before a half to take off. my background is a real-estate. when i was in real estate, fha loan